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Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Current Yr 1 Yr Ago 2 Yrs Ago Merchandise inventory
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Current Yr 1 Yr Ago 2 Yrs Ago Merchandise inventory Prepaid expenses $ 30,600 86,600 112,000 $ 35,500 $ 37,800 61,500 50,500 82,800 52,500 10,450 9,400 5,400 Plant assets, net 277,000 249,000 229,000 Total assets $516,650 $438,200 $375,200 Liabilities and Equity Accounts payable $129,200 $ 75,250 $ 50,200 Long-term notes payable secured by mortgages on plant assets 96,500 100,250 81,600 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 127,450 99,200 79,900 Total liabilities and equity $516,650 $438,200 $375,200 For Year Ended December 31 Cost of goods sold Other operating expenses The company's income statements for the Current Year and 1 Year Ago, follow. Sales Current Yr 1 Yr Ago $715,000 $403,200 153,600 $640,000 $450,450 228,800 Interest expense 12,100 Income tax expense 9,550 Total costs and expenses 700,900 Net income $ 14,100 12,500 8,700 578,000 $ 62,000 Earnings per share $ 0.86 $ 3.79 For both the Current Year and 1 Year Ago, compute the following ratios:
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